Sexual assaults on Tube network have risen 42 per cent since 2015 September 23, 2019 The number of reported sexual assaults on the London Underground has risen 42 per cent over the last four years, according to new data. Attacks on the capital’s transport network have jumped from 844 in 2015-16 to 1,206 in 2018-19, the PA news agency’s analysis of figures found. Read more: Bank Tube station upgrade hits [...]
How Kapten is trying to take Uber’s ride-hailing crown September 23, 2019 Uber has an image problem. The ride-hailing app’s popularity has declined on complaints that its drivers are contributing to congestion and pollution on London’s streets. Uber took a big PR hit last year when Transport for London (TfL) took away its operating licence due to issues with the company’s approach to safety and regulation. The [...]
The UK’s lead in the forex market is the envy of the world September 23, 2019 The UK’s foreign exchange market is the backbone of international trade and investing. It is vital to support exports and imports, which in turn give Britain access to resources. Without the ability to trade in different currencies, the UK’s prospects would be limited, and economic growth would suffer. A recent survey by the Bank for [...]
London climate strikes: Thousands protest by capital’s landmarks September 20, 2019 Thousands of young people walked out of classrooms and schools this morning in the lead-up to next week’s climate change conference in New York. The students, de facto led by Swedish teenager Greta Thunberg, are striking in 150 different countries. Read more: DEBATE: Should companies be supportive of employees who want to take part in [...]
London Car Free Day 2019: Everything you need to know about this weekend’s event September 20, 2019 Drivers have been warned to avoid large parts of central London as over 200 roads close in the capital for Car Free Day 2019. Between 7am and 7pm on Sunday, pedestrians will be given free rein across London Bridge and Tower Bridge, as the city highlights the problems caused by air pollution. Read more: Mayor [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
LSE boss David Schwimmer feels ‘very good’ about Refinitiv deal after snubbing Hong Kong offer September 19, 2019 The boss of the London Stock Exchange has said he feels “very good” about merger plans with Refinitiv, in a fresh sign of the group’s reluctance to accept a separate takeover offer from its Hong Kong rival. LSE chief executive David Schwimmer expressed his enthusiasm for a $27bn (21.6bn) acquisition of data provider Refinitiv at [...]
London Calling: London holds on to number two slot in financial centres ranking September 19, 2019 London has clung on to second place in a respected ranking of the world’s top financial centres but its position in the top tier is under threat amid Brexit chaos and other global geopolitical shifts. According to the latest financial index published by researchers at consultancy Z/Yen, London has retained its number two spot behind New York following a year dominated by geopolitical uncertainty and a US-China [...]
Travelex fraudster who stole £70,000 faces sentencing September 19, 2019 A Travelex employee who stole more than £70,000 from one of the firm’s currency exchange bureaus will today be sentenced for fraud. Dubravko Kuftinec, 52, fraudulently stole £72,186 from Travelex’s Fleet Street branch inside the Goldman Sachs building. Read more: BT’s Italian accounting fraud linked to London, investigation reveals He had been working at the [...]
Major US law firm launches first office in ‘exciting and remarkable’ London September 18, 2019 US law firm Alston & Bird launched an office in London today in a bid to build a transatlantic finance and payments powerhouse. Finance partner Andrew Petersen said Alston & Bird’s management: “Firmly believe that London, with everything going on, is the place to be and I think that’s incredibly exciting for London.” The Atlanta-headquartered [...]